Anyone gone up to Coober Pedy to shoot the possible double O (opals and oil) capitol of the world? Seems to be a future hot spot. Hope you all have investment portfolios inclusive of Linc Energy (Aussi company).

D70, I didn't know about the oil there, on the face of it it seems unlikely as that's near a large gas basin, the geology was a bit hot for oil (if I can remember the basics from the reservoir engineering component of my degree)

Two shots from today at the zoo with the family.

This one taken by my middle son and cropped heavily because clearly I haven't taught adequately about composition.

Excellent images, and he'll learn. Luckily it won't cost a lot of time and money using film (like we had to do).

It's not traditional "pool" oil, but apparently there is a tremendous reserve of "tight oil" in that area which fracking can extract. Similar to new reserves here in Texas and North Dakota. Estimates run as high as 233 billion barrels, or just slightly less than in Saudi Arabia. Should help bring local fuel prices down a bit. :)

This is a good news-bad news thing as it may delay newer technologies (bad) or give us more time to implement more renewable energy to replace fossil fuels (good).

It's not traditional "pool" oil, but apparently there is a tremendous reserve of "tight oil" in that area which fracking can extract. Similar to new reserves here in Texas and North Dakota. Estimates run as high as 233 billion barrels, or just slightly less than in Saudi Arabia. Should help bring local fuel prices down a bit. :)

You know way more about this than us locals do but if it does have any voracity and isn't simply another share market beat up it will have ZERO affect on local fuel prices.
Firstly there is now virtually no refining capability left in Australia and secondly we like most countries have world parity pricing. The price we pay for fuel in Australia is pegged in relation to the price of TAPIS in Singapore regardless of where the fuel is actually sourced.